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Aruba’s ONLY English newspaper
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Landfill Parkietenbos closes
BIG BUCKS
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University of Aruba and Utrecht
School for Administration and
Minnesota Gov. Tim Walz reviews notes before speaking about the state’s budget Tuesday, Dec.
6, 2022, at the Minnesota Department of Revenue in St. Paul, Minn. Organization collaborate on
Associated Press
research project in Aruba
States banking big bucks as Fed

attempts to fight inflation

By DAVID A. LIEB flation with higher interest rates.
Associated Press “We’re catching both ends of it,” said Mis-
JEFFERSON CITY, Mo. (AP) — State gov- souri Treasurer Scott Fitzpatrick, a Republi-
ernments emerging from the coronavirus can.
pandemic built historic cash surpluses as First, “we received a lot of extra money,”
inflation in prices and wages drove up he said. “Now, nominally, we’re benefiting
sales and income tax collections. from the increase in interest rates from the
Now many states are reaping another re- Fed.”
ward: banking millions of dollars off those Page 7
surpluses as the Federal Reserve fights in- Continued on Page 4